GST MCQ Questions and Answers Quiz

61. Which form has to be filed for withdrawal from composition levy?

  1. GST CMP 04
  2. GST PCT 2
  3. GST CMP 03
  4. GST MIS 1

62. A special purpose vehicle ................... has been launched to cater the needs of GST.

  1. GSTS
  2. GSTR
  3. GSTM
  4. GSTN

63. The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to the state of

  1. Himachal Pradesh
  2. Uttarakhand
  3. Assam
  4. None of the above

64. One of the following states does not fall under special category given under Art. 279Aof the Constitution

  1. Himachal Pradesh
  2. Chhattisgarh
  3. Uttarakhand
  4. Jammu & Kashmir

65. What does the term person includes?

  1. HUF
  2. LLP
  3. Individual
  4. All of the above

66. Utilisation of integrated GST would be in which order?

  1. IGST, CGST, SGST
  2. CGST, SGST, IGST
  3. IGST, SGST, CGST
  4. SGST, IGST, CGST

67. How is Input Tax Credit on capital goods available?

  1. in single installment
  2. 10% every year
  3. equally in five installment
  4. none of the above

68. Input Tax Credit is available ……………………………..

  1. in the course or furtherance of business
  2. both a) and b)
  3. on other than business expenditure
  4. none of the above

69. An Associated Enterprise is mentioned in?

  1. Income Tax Act, 1961
  2. State GST Law, 2017
  3. Central GST Law, 2017
  4. Companies Act, 2013

70. Money means:

  1. Indian legal tender
  2. Foreign currency
  3. Cheque/ Promissory note
  4. all of the above
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